Table of Contents
- Advantages and Disadvantages
- Signature Features
- Application Requirements
- Detailed Specifications
- Frequently Asked Questions (FAQs)
- Advantages and Disadvantages
Advantages:
- A grace period of 51 days on credit without any charges.
- Receive a 5% cashback each month on all fuel purchases.
- Offer supplementary cards to your family members, expanding financial flexibility.
- Opt for easy monthly installment payments to manage your dues without the need to pay the full amount upfront.
Disadvantages:
- Imprudent usage may lead to significant financial obligations.
- Late payments will incur additional fees, emphasizing the need for timely bill settlement.
Signature Features
- Benefit from a monthly cashback of up to Rs. 2,000 on fuel expenditures.
- The card is internationally recognized, facilitating global access.
- Stay updated with SMS alerts and e-statements for a minimal fee.
- Lowest rates available for cash advances and balance transfers, offering economic advantages.
- Tailor-made to alleviate the financial impact of monthly fuel expenses.
Application Requirements
For Employed Individuals:
- The bank has not specified a minimum salary criterion.
- Age Range: 21 - 60 years.
- Required Documentation: National ID, recent salary slips, bank statement, employer's letter.
For Entrepreneurs and Self-Employed Professionals:
- No specified income threshold by the bank.
- Age Range: 21 - 65 years.
Required Documentation: National ID, Tax Identification Number, proof of business, bank statement.
Detailed Specifications
- Maximum Credit Limit: 500,000
- Interest-Free Duration: 51 Days
- Balance Transfer Interest Rate: 24%
- Annual Fee for Cash Advances: PKR 900 or 3%, whichever is higher
- Cash Advance Interest Rate: 40%
- Rewards Scheme: Cashback on fuel purchases
- Cashback Rate: 5% on fuel expenses
- Penalty for Late Payment: PKR 1,600
- Charge for Foreign Transactions: 3%
- Target Audience: Employed individuals and business professionals
- Minimum Age Requirement: 21 years
- Supplementary Cards Available: Up to 6
- Payment Network: MasterCard
- Lounge Access: Not applicable
Frequently Asked Questions (FAQs)
Q1: How does the 5% cashback on fuel spending work?
A1: Cardholders are rewarded with a 5% cashback on all fuel transactions, with a potential monthly savings of up to Rs. 2,000, directly reducing fuel expenses.
Q2: Can the HBL FuelSaver Gold Credit Card be used outside of Pakistan?
A2: Yes, the card is equipped for global use, accepted at over 22 million locations worldwide, providing financial convenience on international travels.
Q3: Are there any benefits to paying with the HBL FuelSaver Gold Credit Card besides fuel cashback?
A3: In addition to fuel cashback, the card offers the flexibility of paying outstanding balances in easy monthly installments, plus the advantage of cash advances and balance transfers at favorable rates, coupled with a comprehensive insurance coverage against major mishaps.
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